The Canadian dollar also came off the worst of its lows
overnight, as some of the knee-jerk selling of riskier assets
abated.

A 0.6 percent rise in TransCanada Corp, which
stands to gain from the potential approval of the Keystone XL
pipeline, and a 1.3 percent rise in the overall energy sector
also helped push Toronto's main stock market higher.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE
was up 22.93 points, or 0.16 percent, at 14,679.77 shortly after
open marginally in the red.

"There isn't the panic that I think the numbers were looking
like on the open," said Brian Pow, an equity analyst at Acumen
Capital Partners in Calgary.

"You have gold, which benefits because all of his policies
are inflationary," said Diana Avigdor, head of trading at
Barometer Capital Management.

The Caisse de depot et placement du Quebec, Canada's second
biggest public pension plan and one of the world's biggest
dealmakers, said the result of the election will add to
uncertainty in the global economy.

"As a result, we expect to see increased volatility in the
months ahead," it said in a statement.
Continued...